MILL BUNGALOW, MILL LANE, BEDINGHAM, BUNGAY, NR35 2NT - £240,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MILL BUNGALOW is a very small extended semi-detached house of 83m², built sometime before 1900, which could now be worth an estimated £336,585. It was last sold for £240,000 in June 2016, which was around 23% above the average June 2016 semi-detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2011, where the current energy rating was F, and the potential energy rating was F.

MILL BUNGALOW Sold Prices

Land registry data shows two sales for MILL BUNGALOW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Norfolk local authority area for the corresponding sale date. One of the two MILL BUNGALOW sales was for above the average price, whilst the other was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2016 30 JUN	£240,000	£194,905	23% above HPI
2004 28 MAY	£125,000	£130,129	4% below HPI

MILL BUNGALOW Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two MILL BUNGALOW sales from May 2004 and June 2016 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2004 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2016 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might MILL BUNGALOW be worth now?

MILL BUNGALOW might now be worth an estimated £336,585.

This is based on house price inflation of 40.2%, between June 2016 and June 2025, for semi-detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 40.2% inflationary increase is applied to the most recent sale price for MILL BUNGALOW of £240,000 on 30th June 2016. For the value to have increased from £240,000 to £336,585 over the nine years to June 2025, the following assumptions must hold true:

• The value of MILL BUNGALOW has moved in line with the HPI for semi-detached houses in the South Norfolk local authority area.
• The June 2016 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of MILL BUNGALOW has not materially changed since June 2016.

How Large is MILL BUNGALOW?

MILL BUNGALOW is 83m², which includes two extensions, according to the EPC inspection conducted in April 2011. This puts it in the smallest 10% of semi-detached houses houses in Woodton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Woodton, and where MILL BUNGALOW lies on this distribution: 4% of semi-detached houses houses are smaller than MILL BUNGALOW, and 96% of houses are larger. Note that EPC data is not available for all properties in Woodton.

MILL BUNGALOW: Plot and Title Map

MILL BUNGALOW sits on a plot of roughly 0.142 of an acre, or 575m². The below map shows the location of MILL BUNGALOW, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of MILL BUNGALOW). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is MILL BUNGALOW?

MILL BUNGALOW is located on MILL LANE in BEDINGHAM, in the NR35 postcode district. The below map shows the position of MILL BUNGALOW on MILL LANE.